Financial Technologies sells entire stake in Indian Energy Exchange: Report

07 Nov 2014

Financial Technologies has reportedly sold its entire 25.64 per cent stake in Indian Energy Exchange to TVS Capital Funds-led consortium, which includes Kris S Gopalakrishnan, former Infosys executive Vice-Chairman, and Lakshmi Narayanan, Vice-Chairman of Cognizant for Rs 576.84 crore. With this, Financial Technologies will completely exit Indian Energy Exchange.

Financial Technologies is a flagship company of the Financial Technologies Group. It provides technology solutions and domain expertise for digital transactions and financial markets across all asset class including equity, commodities, currency and debt.

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